Retail sales plunge as coronavirus freezes US economy
The pandemic has required citizens to stay at home and forced businesses to close.
Weekly mortgage applications increase, as record-low interest rates spur refinance rush
The historically low rate caused a 10 percent weekly surge in applications to refinance a home loan.
Coronavirus pandemic pushes CFO optimism to lowest level since 2008 recession
In the second half of March, the CFO Optimism Index, which is measured on a scale of 0 to 100, dropped to 42.
Fed's Bullard says coronavirus shutdown costs US up to $25B daily in lost output
Widespread testing or other ways to mitigate risk, even business by business or school by school, are key to reopening the economy, he said.
Kudlow: Trump to make 'very important' announcement on reopening US economy in next day or two
There are some signs the virus has started to plateau in New York, the American epicenter.
When is your coronavirus stimulus check arriving? Here's how to track it
If you do not see the money in your bank account, you can also use the tool to ensure the IRS has your direct deposit information.
Coronavirus small business relief program running out of cash as Congress feuds over more funding
Time is imperative for owners: Nearly one in four small businesses has shut down temporarily in response to the crisis.
Coronavirus pandemic could push global economy into worst recession since Great Depression, IMF says
The IMF predicted a partial rebound in 2021, with the world economy growing at a 5.8 percent rate.
California to release coronavirus restrictions rollback plan
Barely a week ago, it seemed unlikely Newsom would soon be talking about a plan for reopening the state.
Trump vs. governors: Who decides when US economy reopens after coronavirus?
With a lower-than-projected death toll, Trump has indicated a desire to roll back some of the mitigation measures.
Fed's Bostic: Central bank 'ready to act' on coronavirus help if more is needed
Even after approving a broad set of lending and credit programs, “we are not just sitting on our hands," Bostic said
Coronavirus relief checks being deposited now, up to $60M out by Wednesday: Treasury official
At the heart of the largest relief plan in recent memory is $1,200 checks for individuals who earn less than $75,000 annually.
Fed's Clarida says central bank has tools to avoid deflation during coronavirus downturn
Deflation refers to a more chronic problem where goods and services on average are actually getting cheaper,
Fed’s Kashkari says US could face 18 months of shutdowns in ‘long, hard road’ to recovery
The U.S. central bank has responded to the crisis by unleashing its full firepower to support the economy.
Private-equity firms scramble to shore up coronavirus-hit holdings
As the coronavirus spreads and stay-at-home orders cut deeply into the economy, buyout firms are scrambling to triage investments in industries that are particularly vulnerable.
El-Erian: Coronavirus 'worse than the Great Recession'
Well-known economist Mohamed El-Erian says the coronavirus crisis will be worse for the economy than the Great Recession
Small businesses struggling to get coronavirus relief loans from big banks, here's why
Companies with no more than 500 employees may borrow up to 2.5 times their payroll for expenses.
Trump wants tax deductions restored for restaurants, entertainment: How it works
The deductions tend to favor higher-end restaurants, the part of the industry that’s been hardest hit by the economic dislocation.
Coronavirus unemployment could hit post-depression record, economists say
About one in 10 Americans has lost their job in the past three weeks.
OPEC standoff with Mexico imperils 10M-barrel oil cut
Analysts warn the proposed 10 million barrel per day cut for May and June will not be enough to offset plummeting demand for oil globally.